Fed’s Powell Revives ‘Transitory’ — What It Means for Middle-Market Dealmaking
In a surprising throwback to 2021, Federal Reserve Chair Jerome Powell dusted off the word “transitory” during Wednesday’s post-meeting press...
Forward for Specialty Finance
20,000+ Middle Market Dealmakers, One Pulse
March 18, 2025 – The ABF Journal has launched Digital Pulse 2025, a new digital-only publication designed to connect the...
M&A Sector Spotlight: Energy 2025 Outlook
Energy M&A stormed back in 2024, racking up $135 billion across 280 transactions—an 18% surge from 2023, according to PitchBook....
M&A Sector Spotlight: Manufacturing 2025 Outlook
U.S. manufacturing M&A surged to $92 billion across 340 deals in 2024, a 15% rise from 2023, according to PitchBook....
Acquisition Financing in the Middle Market: The Shift to Alternative and Specialty Debt Solutions
Introduction: A New Playbook for Private Equity and Specialty Finance The middle market’s acquisition financing game has flipped over the...
The Covenant Divide: Banks Tighten, Specialty Finance Loosens
Before 2023, bank-led loans kept a tight grip—FCCR hovered at 1.67x, leverage sat at 4.5x, DSC clocked in at 1.3x,...
Macroeconomic Climate Perspectives: Impacts on Acquisition Dealmaking, Lending, and the Dealmaker Ecosystem in 2025
The economic landscape in 2025 is a wild ride. The 10-year Treasury yield’s at 4.31%, nudging against the Federal Reserve’s...
